STOCKHOLM | Klarna today announced the completion of the SOFORT acquisition as all conditions precedent for the closing have been fulfilled. The two companies will together form Klarna Group and become Europe’s leading alternative online payments provider.
Accelerate Klarna's Growth
“We are excited to complete this acquisition and look forward to working together with SOFORT’s talented team. The Klarna Group will shape the future of online and mobile payments. Together we can accelerate growth and continue our journey toward being the world’s favorite way to buy”, said Sebastian Siemiatkowski, co-founder and CEO of Klarna.
About Klarna Group
- Klarna Group’s services are used by over 25 million consumers and 45.000 online retailers across 14 European countries.
- Klarna Group has processed over 140 million transactions.
- Klarna Group can offer online merchants the payment alternatives most preferred by European consumers.
Klarna offers safe and easy-to-use payment solutions to e-stores in Europe and was founded in 2005 with the ambition to make e-commerce safer and simpler. At the core of Klarna’s services is the concept of after delivery payment, which lets buyers receive ordered goods before any payment is due. At the same time, Klarna assumes the credit and fraud risk for e-stores so that sellers can rest assured that they will always receive their money. Klarna’s vision is to enable trust and to offer a frictionless buying experience to buyers and sellers across the world. Today, Klarna’s payment solutions are integrated by more than 18.000 online shops in Sweden, Norway, Denmark, Finland, Germany, Austria and the Netherlands.
Sourced from Klarna, March 7th, 2014